Mortgage application volume increased 3% from one week earlier as slightly lower interest rates resulted in more refinance activity, according to the Mortgage Bankers Association.
The nonbank mortgage sector had its largest one-month employment gain in a year, as independent mortgage bankers and brokers enjoyed stronger-than-expected originations during the second quarter.
Mortgage application activity decreased 2.8% from one week earlier as interest rates were flat or moved slightly higher, according to the Mortgage Bankers Association.
Genworth Financial's U.S. private mortgage insurance business had an almost 50% increase in adjusted operating income, benefiting from lower-than-expected claim rates.
Loan application defects increased for the seventh consecutive month in June, due to the highly competitive purchase market, according to First American Financial Corp.
Arch Capital Group's mortgage insurance business had second-quarter underwriting income of $184 million, up 343% from the $41.4 million for the same period last year.
Loan application volume increased 0.4% from one week earlier, according to the Mortgage Bankers Association, as rates fell to their lowest level in three weeks.
